- Thursday, February 27, 2025
BOTH the Indian government and Taiwanese electronics major Foxconn were concerned over the financial situation of Indian conglomerate Vedanta, which led to the foreign company dumping a joint chipmaking venture with the Anil Agarwal-led firm, Reuters reported citing informed sources. Vedanta Limited's London-based parent Vedanta Resources has been hit by…
THE withdrawal of Taiwanese electronics major Foxconn from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta has thrown the latter its latest challenge. Here are some are challenges that the Anil Agarwal-led company has faced in the recent times: Rising debt: The London-headquartered Vedanta Resources has been hit…
THE Election Commission of Pakistan (ECP) on Tuesday (11) issued a non-bailable arrest warrant against former prime minister Imran Khan and former information and broadcasting minister Fawad Chaudhry in a case of contempt. The poll body had initiated the proceedings in 2022 against Khan, chief of the Pakistan Tehreek-e-Insaf (PTI)…
THE International Society for Krishna Consciousness (ISKCON) on Tuesday (11) imposed a one-month ban on one of its monks Amogh Lila Das for making controversial remarks on Swami Vivekananda and his mentor Ramakrishna Paramhansa, two highly revered figures in India's spiritual history. Amogh Lila Das, who is a popular spiritual…
INDIA'S national security adviser (NSA) Ajit Doval on Tuesday (11) said the country has been a melting pot of cultures and religions that have co-existed on its soil for over centuries and that Islam occupies a significant "position of pride" amongst the country's religious communities. The 78-year-old diplomat's remarks came…
HARRIS Bokhari OBE has been appointed as the new chair of NCS (National Citizen Service) Trust for three years by the Privy Council, following a selection process led by the department for culture, media and sport (DCMS). He will play a key role in implementing the trust's new strategy, offering…
LORD Hanuman, a highly revered god in India, has been chosen as the official mascot for the upcoming Asian Athletics Championships in Bangkok in Thailand, coinciding with the 50th anniversary of the continental governing body. The tournament kicks off on Wednesday (12) and continues till Sunday (17). https://twitter.com/AmanDixit200/status/1673779289651838976 The Asian…
NEPALI prime minister Pushpa Kamal Dahal 'Prachanda,' expressed regret on Monday (10) over his controversial remarks regarding an Indian businessman's involvement in his premiership, acknowledging that he should not have made those comments in his current position. During a book launch event on July 3, Prachanda credited Sardar Pritam Singh,…
INDIA's largest conglomerate Tata Group is nearing a deal to acquire an Apple supplier's factory in August and it would be the first time that an Indian company would enter iPhone assembly, Bloomberg reported citing sources. The sources, who chose not to be identified, said a takeover of the Wistron…
HERE are news in brief related to Indian economy and business for Monday, July 10, 2023: KAL Airways, owned by India's Sun Group, has clarified that it has not made an amicable settlement with SpiceJet over pending dues, Moneycontrol reported. A statement issued by the airways also denied media reports…
